Risks to consider before trading?

[el kaka22]

In the list there are countries I personally know that looks legal but not totally legal just yet. The one I know made bitcoin into legal law as the gaming currency and made it legal to exchange like them but that doesn't put the bitcoin to another legal way different from others all by itself but put it on wow gold level.

You can purchase gold wow from someone and sell wow gold to someone in the game and the country sees this legal as much as buying bitcoin and selling bitcoin, we all know there is a whooooole lot of difference between those two things.

Just because its "legal" doesn't mean there are laws just for bitcoin. However the number one is very true, we had bitcoin go from 3k to 20k in 2 months, then go from 20k to 6k in couple months and went from 6k to 3k in a week and stay there for months then go up to 9k now in just few months, volatility is very very important aspect of it.

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[Indrawan77]

Don't trade mate. Long-term investing is a smarter choice.

Trading could be more profitable than investing and in trading you can predict more and more accurate when you got the knowledge and the experience, so trading is a smarter choice but it need times to make profit, I think there are alot of things to consider, starting from yourself you need to be diligence to learn, collecting the information and need to time to learn

[Pursuer]

Don't trade mate. Long-term investing is a smarter choice.

Trading could be more profitable than investing and in trading you can predict more and more accurate when you got the knowledge and the experience, so trading is a smarter choice but it need times to make profit, I think there are alot of things to consider, starting from yourself you need to be diligence to learn, collecting the information and need to time to learn

it will come down to your choice of the market!
if your choice is the bitcoin market then you are correct, with experience and some time you can make better profit trading bitcoin at some points but investing in it is still very profitable. for example this year alone price has gone up nearly 200% only in 6 months!!!
but if the choice is the altcoin market then you are out of luck because although experience helps a lot but it won't be enough to help you make easy profit since the altcoin market is completely manipulated.

[omonuyak]

It is very important you know that you can have all your capital wipes out in a single trading decision and that means trading is a way of losing money especially if you have little knowledge or no knowledge on how it works. Remember also that over 98% of traders lose money and if you are not among the remaining 2% then you should expect to lose money.

[seleme]

In addition to that article:

3.1. Distributed exchanges (DEX) are hackable too.
3.2. Even in a cold wallet, your assets can be a hot target for attacks.

6. Be careful when trading new forks or shitcoins.
7. At first, do not try margin trading.

Online trading platforms are not safe at all but I prefer to trade decentralized markets compared to the centralised markets.
I don't agree with second statement about hardware wallets, it is not possible to hack without physical access to the wallet itself. Only malicious software installed hardware wallet can send the data to the another server.
Margin trading is not for everyone especially for beginner traders.

[kamudd]

Always consider which steps you will take because in the crypto world you can get everything but also lose everything. So keep trading with always considering risks.

[davinchi]

There are no much risk in trading provided you have the right skill, knowledge and strategy, and secondly, if you are not greedy and you are able to use your risk management functions, then you are completely good to go.

The only risk in trading is still a little bit associated with exchanges, you have to ensure that the exchange you are using will be fast enough to be able to execute your order as fast as possible, because poor execution could lead to total loss of trade, and I think you have to also ensure that the exchange has very low trading fee and no hidden fee that could always take your profit if you are the type that trades with low profit.

[bitbunnny]

There are no much risk in trading provided you have the right skill, knowledge and strategy, and secondly, if you are not greedy and you are able to use your risk management functions, then you are completely good to go.

The only risk in trading is still a little bit associated with exchanges, you have to ensure that the exchange you are using will be fast enough to be able to execute your order as fast as possible, because poor execution could lead to total loss of trade, and I think you have to also ensure that the exchange has very low trading fee and no hidden fee that could always take your profit if you are the type that trades with low profit.

I agree that exchanges could be the risk because of everything you have said and also security issues.
Still besides that trading brings certain risks no matter the experience and knowledge and time spent in the market. Some things can't be predicted and some amount of loss is inevitable sooner or latter. But the most important thing is how you deal with loss and do you have a back up strategy.

[Mahanton]

1 - understand that you are in a crazy ass market

I do appreciate this on point reply that's why even if its short I do merit out this one.Its pretty true that the main
risk you should be aware of is you should understand on how this market moves.One false move then you might possibly
able to experience negative portfolio and would leave you hanging for long time until the market recovers.

[Shenzou]

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/


Let me know please, want to get as much help as possible!

Knowing the risks is not the only thing that you have to keep in mind before jumping into trading crypto, you have to be aware of how the process of trading goes and when and how you should approach it, new traders lack experience and to get that experience you are bound to lose trades and so money, which is one of the risks  that you should consider and you should also consider not giving up if you lose you just have to keep on going and eventually it will pay off.

[BUK2016]

Knowing all the risk before you commence trading crypto currency is one this thing and above all is for you to really know how to trade is one the most important thing one need to consider before you start the trading journey.

[iMark]

Don't trade mate. Long-term investing is a smarter choice.

Trading could be more profitable than investing and in trading you can predict more and more accurate when you got the knowledge and the experience, so trading is a smarter choice but it need times to make profit, I think there are alot of things to consider, starting from yourself you need to be diligence to learn, collecting the information and need to time to learn

it could be, because you can get multiple benefits in a short amount of time, while holding you just get profit once for a long time. but of course the risk in trading will be far greater than holding, you need deeper knowledge and are clever in strategies to read the market first, otherwise you will only gamble on trading

[Hypnosis00]

Don't trade mate. Long-term investing is a smarter choice.

Trading could be more profitable than investing and in trading you can predict more and more accurate when you got the knowledge and the experience, so trading is a smarter choice but it need times to make profit, I think there are alot of things to consider, starting from yourself you need to be diligence to learn, collecting the information and need to time to learn

it could be, because you can get multiple benefits in a short amount of time, while holding you just get profit once for a long time. but of course the risk in trading will be far greater than holding, you need deeper knowledge and are clever in strategies to read the market first, otherwise you will only gamble on trading

It works actually if we have a positive mindset, risk in trading is quite manageable and its up to us how to manage and face of it. All of us haven't such attitude and mindset that is why some of traders get numb and quit from trading.

If we are planning to engage in crypto trading,  we must to be prepared and willing to accept challenges. Will risk is always be there and never think about it cause it only affect your plan.

[jigzaheedcoin]

Always consider the possibility of losing your bought asset if ever you've buy it during bull run. Knowledge is the biggest factor for a trader in order to play the actual trading activity, because if you can't handle it during massive price downfall you're probably going to panic in the long run. I think that, when a person cannot sustain due to lack of trading experience and education it could be worst in the end.

[awik p]

consider the risks before starting into the world of cryptocurrency, in my opinion is something absolute. because many beginners are only thinking about the profits gained by entering the trade. but reality does not match expectations. of course this will be a psychological burden

[wawanlindu]

I just want to know the meaning of your question. Why are you asking if there are other risks?
Even though it's clear that these 5 risks are very dangerous for traders and investors.

[marcbitcoins]

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/


Let me know please, want to get as much help as possible!

I think the site say it all and trully these are the highest risks that we need to consider first before trading or joining an investments. Hopefully, you could avoid these risks during your learning in trading by not to put all of your eggs in one basket and to invest only what you can afford to lose. If you could follow these simple tips then all of the given risks will be reduced.

[maxreish]

Knowing all the risk before you commence trading crypto currency is one this thing and above all is for you to really know how to trade is one the most important thing one need to consider before you start the trading journey.

All of us here shall definitely know the possible risks before entering trading. Emotions are hard to resist but the more you experience those emotions, the more you realize it is not healthy. Also, the market is unstable but if you are a risk taker and can acquire all the knowledge you needed, then you'll have a strong confidence to trade.

[samcrypto]

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/


Let me know please, want to get as much help as possible!

Risk of high volatility and risk of losing money, you should practice this first before you do trading with cryptocurrency. Trading is not profitable if you can’t handle the risk of the volatility and having your uncomfortable emotion because you will lose money. The blog that you’re provided is good, just learn it while you’re trading and spend only small money at your first 3mos of trading.

[Barbut]

There is just one risk, it`s losing money. But have it in mind that you can`t lose everything you invested if you trade with top coins, they will never drop to zero, so you can sell what is left and have some money back, in the end, if you decide to quit after some time. Don`t be afraid to try it, even with some risks I think everyone can afford to lose some money, $10 or $100, what you can afford to lose.